FxDigitalOption

Describes an option having a triggerable fixed payout.

Nested view
Tree view

Field	Type	Description	Print form title	FFSM title	Properties	Conditions
primaryAssetClass	AssetClass	A classification of the most important risk class of the trade.	Primary asset class.		0-1, ncf	At the first stage this element is not used in the repository messages.
secondaryAssetClass	AssetClass	A classification of additional risk classes of the trade, if any.	Secondary asset class.		0-∞, ncf	At the first stage this element is not used in the repository messages.
productType	ProductType	A classification of the type of product.	Product type.	Derivative instrument type.	0-∞, mre, mfr	This element is mandatory for NSD messages, except for messages, related to master agreement registration.
productId	ProductId	A product reference identifier. The product ID is an identifier that describes the key economic characteristics of the trade type, with the exception of concepts such as size (notional, quantity, number of units) and price (fixed rate, strike, etc.) that are negotiated for each transaction. It can be used to hold identifiers such as the "UPI" (universal product identifier) required by certain regulatory reporting rules. It can also be used to hold identifiers of benchmark products or product temnplates used by certain trading systems or facilities.	Derivatives classification code.	Classification code of the derivative financial instrument.	0-∞, mre, mfr	Mandatory field for NSD messages, except for messages, related to the registration of master agreements, repo transactions and quarterly representation of trades exercised within 4 working days period. This is used to hold classification codes for derivatives transactions required by FFMS.
embeddedOptionType	EmbeddedOptionType	Describes the type of any embedded optionality in the transaction that might not otherwise be apparent. Can be used to represent embedded optionality such as early termination provisions, extendible provisions, or cancelable provisions, etc., where applicable. If omitted, no embedded optionality is applicable.	Embedded option type.		0-2, ncf	Optional field for NSD repository messages. It is not used in messages, related to the registration of master agreements and quarterly representation of trades exercised within 4 working days period. This is used only if trade terms include embedded option of a type specified in the coding scheme. At the first stage this element is not used in the repository messages.
@id	xsd:ID				1-1
buyerPartyReference	PartyReference	A reference to the party that buys this instrument, ie. pays for this instrument and receives the rights defined by it. See 2000 ISDA definitions Article 11.1 (b). In the case of FRAs this the fixed rate payer.	Buyer party.	Party code.	0-1, mre, mfr
buyerAccountReference	AccountReference	A reference to the account that buys this instrument.	Buyer's account.	Party's client.	0-1, ncf	At the first stage this element is not used in the repository messages.
sellerPartyReference	PartyReference	A reference to the party that sells ("writes") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it. See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.	Seller party.	Party code.	0-1, mre, mfr
sellerAccountReference	AccountReference	A reference to the account that sells this instrument.	Seller's account.	Party's client.	0-1, ncf	At the first stage this element is not used in the repository messages.
effectiveDate	AdjustableOrRelativeDate	Effective date for a forward starting derivative. If this element is not present, the effective date is the trade date.	Effective date.	Effective date / Start date.	0-1, ncf
tenorPeriod	Period	A tenor expressed as a period type and multiplier (e.g. 1D, 1Y, etc.)	Tenor period.		0-1, ncf
Choice begin
Branch1
americanExercise	FxDigitalAmericanExercise	The parameters for defining the exercise period for an American style option.	American style option.		0-1, mre	Conditionally filled element. This is to be included in case of reporting information about American style digital option exercise. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
touch	FxTouch	Defines one or more conditions underwhich the option will payout if exercisable.	Touch parameters.		0-∞, mre	Conditionally filled element. This is to be included in case of reporting information about touch condition of American style digital options. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
Branch2
europeanExercise	FxEuropeanExercise	The parameters for defining the exercise period for an European style option.	European style option.		0-1, mre	Conditionally filled element. This is to be included in case of reporting information about European style digital option exercise. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
trigger	FxTrigger	Defines one or more conditions underwhich the option will payout if exercisable.	Trigger parameters.		0-∞, mre	Conditionally filled element. This is to be included in case of reporting information about trigger condition of European style digital options. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
Choice end
exerciseProcedure	ExerciseProcedure	A set of parameters defining procedures associated with the exercise.	Exercise procedures.		0-1, ncf	This is not used in messages to the repository.
payout	FxOptionPayout	The amount of currency which becomes payable if and when a trigger event occurs.	Option payout.	Settlement amount.	0-1, mre
premium	FxOptionPremium	Premium amount or premium installment amount for an option.	Option premium.	Option premium.	0-∞, mre

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FxDigitalOption

productType(ProductType)

	This element is mandatory for NSD messages, except for messages, related to master agreement registration.
	A classification of the type of product.
	Derivative instrument type.

productId(ProductId)

	Mandatory field for NSD messages, except for messages, related to the registration of master agreements, repo transactions and quarterly representation of trades exercised within 4 working days period. This is used to hold classification codes for derivatives transactions required by FFMS.
	A product reference identifier. The product ID is an identifier that describes the key economic characteristics of the trade type, with the exception of concepts such as size (notional, quantity, number of units) and price (fixed rate, strike, etc.) that are negotiated for each transaction. It can be used to hold identifiers such as the "UPI" (universal product identifier) required by certain regulatory reporting rules. It can also be used to hold identifiers of benchmark products or product temnplates used by certain trading systems or facilities.
	Classification code of the derivative financial instrument.

buyerPartyReference(PartyReference)

	A reference to the party that buys this instrument, ie. pays for this instrument and receives the rights defined by it. See 2000 ISDA definitions Article 11.1 (b). In the case of FRAs this the fixed rate payer.
	Party code.

sellerPartyReference(PartyReference)

	A reference to the party that sells ("writes") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it. See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.
	Party code.

A choice of the option exercise style.

Sequence

americanExercise(FxDigitalAmericanExercise)

	Conditionally filled element. This is to be included in case of reporting information about American style digital option exercise. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
	The parameters for defining the exercise period for an American style option.

commencementDate(AdjustableOrRelativeDate)

	The earliest date on which the option can be exercised.
	Exercise period.

A choice of the date specification.

adjustableDate(AdjustableDate)

	Conditionally filled element. This is to be included in case of reporting information about explicit adjustable dates. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
	A date that shall be subject to adjustment if it would otherwise fall on a day that is not a business day in the specified business centers, together with the convention for adjusting the date.

unadjustedDate(IdentifiedDate)

	A date subject to adjustment.

expiryDate(date)

	The latest date on which the option can be exercised.
	Exercise period.

touch(FxTouch)

	Conditionally filled element. This is to be included in case of reporting information about touch condition of American style digital options. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
	Defines one or more conditions underwhich the option will payout if exercisable.

touchCondition(TouchConditionEnum)

	The binary condition that applies to an American-style trigger. There can only be two domain values for this element: "touch" or "no touch".
	Touch;Notouch;

quotedCurrencyPair(QuotedCurrencyPair)

Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

currency1(Currency)

	The first currency specified when a pair of currencies is to be evaluated.

currency2(Currency)

	The second currency specified when a pair of currencies is to be evaluated.

quoteBasis(QuoteBasisEnum)

	The method by which the exchange rate is quoted.
	Currency1PerCurrency2;Currency2PerCurrency1;

triggerRate(PositiveDecimal)

	The market rate is observed relative to the trigger rate, and if it is found to be on the predefined side of (above or below) the trigger rate, a trigger event is deemed to have occurred.
	Knock-in price; Knock-out price.
	(0;

spotRate(PositiveDecimal)

An optional element used for FX forwards and certain types of FX OTC options. For deals consumated in the FX Forwards Market, this represents the current market rate for a particular currency pair. For barrier and digital/binary options, it can be useful to include the spot rate at the time the option was executed to make it easier to know whether the option needs to move "up" or "down" to be triggered.

(0;

informationSource(InformationSource)

	The information source where a published or displayed market rate will be obtained, e.g. Telerate Page 3750.

rateSource(InformationProvider)

An information source for obtaining a market rate. For example Bloomberg, Reuters, Telerate etc.

observationStartDate(date)

	The start of the period over which observations are made to determine whether a trigger has occurred.

observationEndDate(date)

	The end of the period over which observations are made to determine whether a trigger event has occurred.

Sequence

europeanExercise(FxEuropeanExercise)

	Conditionally filled element. This is to be included in case of reporting information about European style digital option exercise. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
	The parameters for defining the exercise period for an European style option.

expiryDate(date)

	Represents a standard expiry date as defined for an FX OTC option.
	Exercise date.

trigger(FxTrigger)

	Conditionally filled element. This is to be included in case of reporting information about trigger condition of European style digital options. In other cases this is not supposed to be used. All underlying elements are included only in specified case.
	Defines one or more conditions underwhich the option will payout if exercisable.

triggerCondition(TriggerConditionEnum)

	The condition that applies to a European-style trigger. It determines where the rate at expiry date and time at must be relative to the triggerRate for the option to be exercisable. The allowed values are "Above" and "Below".
	Above;Below;

quotedCurrencyPair(QuotedCurrencyPair)

Defines the two currencies for an FX trade and the quotation relationship between the two currencies.

currency1(Currency)

	The first currency specified when a pair of currencies is to be evaluated.

currency2(Currency)

	The second currency specified when a pair of currencies is to be evaluated.

quoteBasis(QuoteBasisEnum)

	The method by which the exchange rate is quoted.
	Currency1PerCurrency2;Currency2PerCurrency1;

triggerRate(PositiveDecimal)

	The market rate is observed relative to the trigger rate, and if it is found to be on the predefined side of (above or below) the trigger rate, a trigger event is deemed to have occurred.
	Knock-in price; Knock-out price.
	(0;

spotRate(PositiveDecimal)

(0;

informationSource(InformationSource)

	The information source where a published or displayed market rate will be obtained, e.g. Telerate Page 3750.

rateSource(InformationProvider)

An information source for obtaining a market rate. For example Bloomberg, Reuters, Telerate etc.

payout(FxOptionPayout)

	The amount of currency which becomes payable if and when a trigger event occurs.
	Settlement amount.

currency(Currency)

	The currency in which an amount is denominated.
	Code of currency of denomination.

amount(NonNegativeDecimal)

	The non negative monetary quantity in currency units. For the purposes of reporting to the repository, an amount is specified with 7 decimal places. For example, 350.1234567. The value of 350.45 would be represented as 350.4500000.
	Total payment.
	[0;

payoutStyle(PayoutEnum)

	The trigger event and payout may be asynchonous. A payout may become due on the trigger event, or the payout may (by agreeement at initiation) be deferred (for example) to the maturity date.
	Deferred;Immediate;

premium(FxOptionPremium)

	Premium amount or premium installment amount for an option.
	Option premium.

payerPartyReference(PartyReference)

	A reference to the party responsible for making the payments defined by this structure.
	Party code.

receiverPartyReference(PartyReference)

	A reference to the party that receives the payments corresponding to this structure.
	Party code.

paymentAmount(NonNegativeMoney)

	Non negative payment amount.

currency(Currency)

	The currency in which an amount is denominated.
	Code of currency of denomination.

amount(NonNegativeDecimal)

	The non negative monetary quantity in currency units. For the purposes of reporting to the repository, an amount is specified with 7 decimal places. For example, 350.1234567. The value of 350.45 would be represented as 350.4500000.
	Total payment.
	[0;